🟢 IREN is trading 10.4% up today as investors reassess Awaken deal and AI spending fears

IREN is trading 10.4% up today at $52.70 following a sharp rebound from the prior session’s selloff driven by the Awaken acquisition.

• The move is characterized as a relief rally as investors reassess AI spending fears tied to the Awaken deal.
• While broader equity and crypto markets are positive, IREN is strongly outperforming, suggesting the bounce is a stock-specific short-term recovery rather than a fresh fundamental catalyst.